PARIS, FRANCE: GE Energy has announced the next step in the integration of its acquisition of Converteam by renaming the business Power Conversion. Power Conversion’s technologies in process controls, automation systems and high-efficiency power electronics, motors and generators will enable the company to better meet the needs of customers looking to improve operational efficiency and productivity.
The Power Conversion business will help GE maximize its deep domain expertise and expand its presence in the fast-growing energy efficiency, electrification and automation sector, which was valued at $30 billion and is growing above global GDP.
“Today’s announcement is a significant milestone on our journey to deliver our customers more value. We are combining our technology and consultative offerings in systems integration to help the world’s fastest growing energy and industrial sectors improve the efficiency and profitability of their operations,” said Power Conversion CEO Joe Mastrangelo. “Our strengths in these sectors will allow GE to lead by managing the entire energy lifecycle, where our customers want us to play a bigger role.”
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